SunSirs: Domestic Urea Prices Temporarily Stabilized on September 2
September 05 2022 10:28:09 SunSirs (John)
Price trend
On September 2, the domestic comprehensive price of urea was temporarily stable at 2,400 RMB/ton, which was the same as the price on September 1, and was down 3.23% from the same period last year.
Analysis review
Upstream anthracite prices rose slightly, with better cost support. Agriculture needs a small amount of stocking, and industrial needs are gradually expanding. The rubber sheet factory started at a low level, and the purchase was mainly just in need, and the compound fertilizer factory followed up on dips. The price of melamine rose slightly, and the enthusiasm for purchasing urea was good.
From the perspective of supply: the power cut in Sichuan has ended, and the company has gradually resumed production. The daily output of urea is about 150,000 tons.
Market outlook
It is expected that the domestic urea market price may rise slightly, and the average market price is about 2420 RMB/ton.
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